A year ago tomorrow we reported: the kinetic energy from Bernanke’s bazooka lifted most sectors
yesterday. Referring to the
announcement of QE3, it was the first line we wrote here at ETFGsm Daily Perspectives. Over the
following days we watched the China funds, GXC and FXI emerge into the top ranks
with a handful of European funds and the gold miners in GDX which actually performed well back then. It took some time to find our voice but each
day in the year since we have brought you the message of our world class
quantitative models that until now were the exclusive province of billion
dollar hedge funds.
Those mentioned funds rallied strongly last fall as the US market
faltered under the weight of fiscal cliff fears. On November 14th we wrote: Quant has a clear message today, avoid
the USA. That happened to be a bottom
for the S&P 500 but Quant’s favored funds continued to handsomely outperform. Who else was recommending the iShares
MSCI Turkey Investable Market Index Fund (TUR) around Thanksgiving
time? We had fun with the pun on
November 12th when we said the little plastic thing was popping up,
it rallied over 20% to a peak on January 23rd while the S&P gained
about 8%; but Quant had called another shift by then. On the day after Thanksgiving, we reported
that Santa looked especially jolly closing out the Macy’s Parade and Quant had
3 US broad market Russell funds in the top 10.
By that time other sites were on the emerging markets bandwagon but
Quant was positioning you for a good old Santa Claus rally. On December 31st we declared our
November 14th call reversed as 8 of the top 10 were US funds and 2
of those were S&P 500 funds.
The three funds tracking
that index were top rankers throughout 2013's first half which made it difficult
for us to beat the benchmark but we were happy to keep you on the US island in
the world storm as we characterized it on April 8th when we
highlighted a handful of Russell funds.
The granddaddy of all ETFs, the SPDR S&P 500
Fund (SPY) was a top 10
fund for all but 2 days from February 5th through May 7th,
and top 3 for all but 12. Anyone who
owned it then was happy. Quant’s latest
call was the move back to China and emerging markets after the June swoon,
providing us positive separation from the benchmark yet again. 1st place GXC is also today’s 10
Green Diamond fund.
Regular readers recognize the value of ETF Global® and we thank you
for all the feedback and suggestions.
Please help us spread the word and if 400 words each morning is too much,
follow us on twitter @ETF_Global.
We went a little long this morning but it is an important day for us. We’re gonna have a cigar because ETFGsm is going far! Thanks for being a part and have a nice
weekend.
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